LSI Industries Inc. (NASDAQ:LYTS) Stock Has Average Target Price of $29.00 According to Analysts

Shares of LSI Industries Inc. (NASDAQ:LYTS) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $29.00.

Several brokerages have recently issued reports on LYTS. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research note on Friday, August 21st. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a research report on Friday, October 2nd. Weiss Ratings raised LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Oppenheimer reduced their target price on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Finally, Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th.

LSI Industries Stock Performance

Shares of LYTS opened at $20.27 on Friday. LSI Industries has a 12-month low of $17.20 and a 12-month high of $27.36. The stock has a market cap of $756.17 million, a P/E ratio of 30.25 and a beta of 0.48. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $20.53 and a two-hundred day moving average of $22.57.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%. The business had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. As a group, research analysts predict that LSI Industries will post 0.82 EPS for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.20 annualized dividend and a yield of 1.0%. LSI Industries’s dividend payout ratio (DPR) is 29.85%.

Insider Buying and Selling

In other news, CEO James Clark sold 13,907 shares of LSI Industries stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total transaction of $282,033.96. Following the sale, the chief executive officer owned 595,734 shares in the company, valued at $12,081,485.52. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ernest W. Marshall, Jr. purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $19.73 per share, for a total transaction of $39,460.00. Following the purchase, the director directly owned 28,643 shares in the company, valued at $565,126.39. This trade represents a 7.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 96,345 shares of company stock valued at $1,928,267. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On LSI Industries

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in LSI Industries during the second quarter valued at $72,118,000. Dimensional Fund Advisors LP boosted its holdings in shares of LSI Industries by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,122 shares of the construction company’s stock valued at $27,232,000 after buying an additional 6,783 shares during the period. Wellington Management Group LLP grew its position in shares of LSI Industries by 5.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,372,841 shares of the construction company’s stock valued at $36,490,000 after buying an additional 70,033 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of LSI Industries by 40.7% during the 1st quarter. North Star Investment Management Corp. now owns 276,463 shares of the construction company’s stock valued at $5,142,000 after buying an additional 80,000 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of LSI Industries by 259.7% during the 1st quarter. Sei Investments Co. now owns 264,336 shares of the construction company’s stock valued at $4,917,000 after buying an additional 190,840 shares during the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Company Profile

LSI Industries Inc (NASDAQ: LYTS) designs and manufactures commercial lighting and display solutions for businesses and organizations. Its offerings include indoor and outdoor LED lighting, lighting controls, digital signage, visual display systems, and related graphics and branding products.

The company serves a range of markets, including petroleum and convenience stores, quick-service restaurants, automotive dealerships, grocery and retail locations, sports facilities, and other commercial and industrial environments.